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Showing 11 - 20 of 380 results for "Insurance premiums"

BUSSQ lowers administration fees

ELIZA BAVIN  |  TUESDAY, 27 MAY 2025
... 1 is charged at 6% of the gross insurance premium. However, BUSSQ will also remove the direct tax rebate on insurance premiums, which it said would reduce the amount of tax paid by the fund, but the benefit of this will no longer be paid to members. ...

Cbus increases insurance premiums

ELIZA BAVIN  |  WEDNESDAY, 14 MAY 2025
Cbus will increase insurance fees for death and total and permanent disability (TPD) cover from July 5. Those aged between 15 and 25 will see their fees remain the same, but those in older age brackets will be paying slightly more each week. For members ...

Life insurance premiums edge lower

ANDREW MCKEAN  |  TUESDAY, 6 MAY 2025
Annual premiums from active life insurance policies fell 1.7% to $16.2 billion in the year to December 2024 - a $300 million decline from the previous year - according to DEXX&R. The market research firm's latest Life Analysis report showed total new ...

Future Group confirms more mergers ahead, undertakes review

JAMIE WILLIAMSON  |  THURSDAY, 24 APR 2025
... management, held on behalf of 7500 members. Meantime, MLC Insurance Only is used by about 97,000 members to fund life insurance premiums in a tax-effective structure. It also has superannuation accounts with funds under management totalling about $200 ...

Mine Super and TWUSUPER merger official

KARREN VERGARA  |  FRIDAY, 21 MAR 2025
... by 50%, while direct expense recovery fees will lower by 36%. They will also see at least a 2% reduction on insurance premiums. Mine Super and TWUSUPER signed a successor fund transfer deed in September 2023. The merger experienced significant delays ...

Insurance through superannuation stages a comeback

ANDREW MCKEAN  |  TUESDAY, 4 MAR 2025
... sledgehammer to the number of people insured through superannuation for death benefits. Intended to prevent insurance premiums from eroding members' account balances for cover they mightn't need, the reforms saw a reduction of around five million ...

'Less revenue for us': AustralianSuper on closing multiple accounts

ELIZA BAVIN  |  THURSDAY, 27 FEB 2025
... 11 May 2023. More than 90,000 members incurred $69 million in losses from multiple administration fees and insurance premiums and investment earnings.

Multiple account bungle costs AustralianSuper $27m

KARREN VERGARA  |  FRIDAY, 21 FEB 2025
... were 90,788 affected members who incurred about $69 million in losses from multiple administration fees and insurance premiums and investment earnings. Between May and June 2023, AustralianSuper paid about $69 million to 90,000 affected members as part ...

Colonial First State completes group insurance review

JAMIE WILLIAMSON  |  THURSDAY, 12 DEC 2024
... pleased to be continuing our partnership with AIA Australia," she said. "Our members will benefit from lower insurance premiums and will have access to a full range of health and wellness programs along with digital servicing tools that will make it ...

AustralianSuper to pay $4.2m for delayed claims handling

ELIZA BAVIN  |  THURSDAY, 21 NOV 2024
... In May 2023, AustralianSuper announced it would be refunding close to $70 million in administration fees and insurance premiums to about 100,000 members whose multiple accounts had gone undetected. The average impacted member was to receive $650.